Multi-metal explorer Dreadnought Resources Ltd (ASX: DRE) has rolled up a drilling program to test four of its best gold targets in the Central Yilgarn region of Western Australia, with all drilling intersecting the style and anomalism of mineralisation which had been expected.
A program of 13 holes comprising 1,590 metres was carried out across the Viper, Leghorn, Chicken Little and Honey targets, which have, to date, been subject to very little exploration.
However, this exploration has identified high grade results including 15 metres at 1.5 grams per tonne from 12 metres, including 3 metres at 6.7grams per tonne from 12 metres at Viper; 48 metres at 0.7 grams per tonne from 27 metres, including 21 metres at 1.3 grams per tonne from 54 metres at Leghorn.
Dreadnought’s hopes for Honey – a shallow historical working – are based on the fact that it contains free gold in altered ultramafic rocks of the same type as the 250,000-ounce Wattle Dam deposit.
Dreadnought’s Managing Director, Dean Tuck said the company would be busy for the remainder of the year testing all of its targets.
“We liked what we saw from our RC drilling at Viper, Leghorn, Chicken Little and Honey,” he said.
“Assays in June 2024 are eagerly anticipated. We are now mobilising to test our high-grade gold targets at Mangaroon and to undertake further target generation and definition work.
“Our gold and copper focused exploration programs for 2024 are well underway and we look forward to a steady stream of results for the remainder of the year.”
Dreadnought was up 9% at 1.6c in early trade.